In Episode 196 of The Bo & Luke show, we had the pleasure of hosting Tom Rutledge, a seasoned expert with 40 years of experience in the restaurant industry. Tom shared invaluable insights into the complex world of managing inventory and finances, shedding light on the critical factors that can make or break a restaurant's success.
Tom emphasized the importance of staying on top of changes in food costs and advised against spending excessive time and money on implementing inventory software. Instead, he promoted the idea of monitoring and addressing issues in a timely manner by keeping things "bite-sized" for the team to manage. His practical approach and wealth of experience make his advice a must for anyone in the restaurant business.
During the episode, Tom provided details about his firm and invited listeners to connect with him on LinkedIn or visit the firm's website for further contact. His expertise and dedication to bridge the gap between hospitality and profitability make him a valuable resource for restaurant owners and managers seeking to maximize their financial efficiency.
After delving into the complexities of the restaurant industry, the conversation concluded with insight into the vital role of accountants in providing tools for daily and weekly measurement of success, as well as the impact of technology on labor and cost management.
If you missed this enlightening episode, be sure to tune in and gain a deeper understanding of the business aspects of running a successful restaurant. Tom is a treasure trove of knowledge for anyone passionate about the culinary world.
Reach out to Tom directly through is company's website: RDMS Group... "A HOSPITALITY FOCUSED ORGANIZATION WITH VARIED SOLUTIONS TO HELP YOUR BUSINESS THRIVE."